House Bill 1646

DIGEST OF HB1646 (Updated February 26, 2007 12:42 pm - DI 84)

Renewable fuels grants and tax credits. Extends the retailer's sales tax collection discount for the sale of E85 through the year 2020. Eliminates the termination date for and the statewide cap on a tax credit that is available for the retail sale of diesel with a biodiesel content of at least 2%. Changes the eligibility requirements for the tax credit and the formula for calculating the tax credit. Grants a tax credit for the retail sale of gasoline with an ethanol content of at least 10%.